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- No economic incentive to own multiple accounts
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Interesting concept. Can you elaborate on the quoted part? How exactly can a single user have neither the ability nor the incentive to pose as multiple users (i.e. having multiple accounts)?
nevermind, found it:
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) The question arises if we can design a reward scheme for minting that is incentive-compatible with our one-entity-one-account approach. To solve the dilemma, we can combine both schemes and credit interests to every minter with every block, but lock the accrued interests until the minter actually builds a block himself. This model guarantees incentive-compatibility with regard to compound interests since the latter dont depend on the distribution of ones stake anymore. Depending on individual liquidity needs and costs, a minter may still decide to use several accounts for minting in order to get faster access to his interests. But the benefits of using multiple accounts would be rather limited. (
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So, it still has advantages to have multiple accounts, they are just not as prominent as in other schemes.